Summary
UGA Chart
UGA: Three Engines Of Return, And One Worries Me Today
The United States Gasoline Fund surged 139% YTD, driven by gasoline scarcity, elevated crack spreads, and roll/collateral yields. UGA's outperformance stems from downstream exposure, positive roll yield from backwardation, and collateral interest, not just gasoline price appreciation. Physical scarcity, high crack spreads, and elevated rates underpin UGA's returns, but in my opinion, all depend on the same supply constraints, raising reversal risk.
UGA Going Into An Unusual Offseason
The U.S. Gasoline Fund is rated a cautious Buy as geopolitical risks in the Middle East override typical bearish seasonality. UGA reached an all-time high in September 2026, despite gasoline futures trading below 2022 record highs, highlighting tracking discrepancies. Escalating conflict and supply uncertainty in the Middle East are driving gasoline prices higher, bucking traditional seasonal trends.
Gasoline ETF (UGA) Touches New 52-Week High
UGA hits a 52-week high after surging 141.6%, likely fueled by Middle East tensions, refinery outages and inventory drawdowns.
United States Gasoline Fund, LP Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 6,164 | $634,710 | $899,759.08 | $265,049.08 | 41.76% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 6,587 | $679,064.44 | $952,019.11 | $272,954.67 | 40.2% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 3,213 | $307,470.31 | $469,001.61 | $161,531.3 | 52.54% |
| SHF Second Half Financial Partners LLC Second Half Financial Partners LLC | 2,439 | $251,921.57 | $347,277.01 | $95,355.44 | 37.85% |
 Benjamin J. Jones National Wealth Management Group, LLC | 5,742 | $340,417.58 | $813,583.98 | $473,166.4 | 139% |
United States Gasoline Fund, LP (UGA) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has United States Gasoline Fund, LP ever had a stock split?
United States Gasoline Fund, LP Profile
| ARCA Exchange | US Country |
Overview
The company operates in the commodities investment sector, focusing specifically on the futures market for various petroleum-based fuels. By investing in a range of futures contracts such as gasoline, crude oil, diesel-heating oil, natural gas, and other petroleum-based fuels, the company aims to capitalize on fluctuations in the commodities market. It uses a strategic approach to select the Benchmark Futures Contract, primarily the near-month gasoline futures contract traded on the New York Mercantile Exchange. However, it shifts to the next month's contract when the near-month contract is close to expiration. This methodology helps in maintaining a consistent investment strategy that is responsive to market conditions.
Products and Services
- Futures Contracts for Gasoline:
- Futures Contracts for Crude Oil:
- Futures Contracts for Diesel-Heating Oil:
- Futures Contracts for Natural Gas:
- Other Petroleum-Based Fuels Futures Contracts:
The company invests in near-month futures contracts for gasoline, traded on the New York Mercantile Exchange. This investment is pivotal to its strategy, offering exposure to gasoline price movements.
Investments in futures contracts for crude oil play a significant role in the company's portfolio, allowing it to speculate on or hedge against future price changes in crude oil.
By investing in futures contracts for diesel-heating oil, the company diversifies its investment portfolio, tapping into the industrial and home heating market.
The company also participates in the natural gas futures market, which enables it to speculate on or hedge against fluctuations in natural gas prices.
Expanding beyond the core commodities, the company invests in futures contracts for other petroleum-based fuels, broadening its scope and potential for profitability in the energy sector.
Contact Information
